|
Report Date : |
15.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
DSM NUTRITIONAL PRODUCTS MEXICO S.A. DE C.V. |
|
|
|
|
Registered Office : |
Km. 22.5 Carretera Guadalajara-El Salto, Col. Zona Industrial El Salto 45680 Jalisco |
|
|
|
|
Country : |
Mexico |
|
|
|
|
Date of Incorporation : |
13.06.2001 |
|
|
|
|
Legal Form : |
Stock Company of Variable Capital |
|
|
|
|
Line of Business : |
Production of vitamin premix. |
|
|
|
|
No. of Employees : |
About 150 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Mexico |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
MEXICO - ECONOMIC OVERVIEW
Mexico has a free market economy in the trillion dollar class.
It contains a mixture of modern and outmoded industry and agriculture,
increasingly dominated by the private sector. Recent administrations have
expanded competition in seaports, railroads, telecommunications, electricity
generation, natural gas distribution, and airports. Per capita income is
roughly one-third that of the US; income distribution remains highly unequal.
Since the implementation of the North American Free Trade Agreement (NAFTA) in
1994, Mexico's share of US imports has increased from 7% to 12%, and its share
of Canadian imports has doubled to 5%. Mexico has free trade agreements with
over 50 countries including Guatemala, Honduras, El Salvador, the European Free
Trade Area, and Japan - putting more than 90% of trade under free trade agreements.
In 2007, during its first year in office, the Felipe CALDERON administration
was able to garner support from the opposition to successfully pass pension and
fiscal reforms. The administration passed an energy reform measure in 2008 and
another fiscal reform in 2009. Mexico''s GDP plunged 6.2% in 2009 as world
demand for exports dropped, asset prices tumbled, and remittances and
investment declined. GDP posted positive growth of 5.4% in 2010 and 3.8% in
2011, with exports - particularly to the United States - leading the way. The
administration continues to face many economic challenges, including improving
the public education system, upgrading infrastructure, modernizing labor laws,
and fostering private investment in the energy sector. CALDERON has stated that
his top economic priorities remain reducing poverty and creating jobs.
Source
: CIA
IDENTIFICATION
|
|||||||||||||
|
CORRECT COMPANY NAME |
DSM NUTRITIONAL
PRODUCTS MEXICO S.A. DE C.V. |
||||||||||||
|
TRADE NAME |
DSM |
||||||||||||
|
TAXPAYER REGISTRATION |
RFC DNP010613GN4 |
||||||||||||
|
MAIN ADDRESS |
Km. 22.5 Carretera Guadalajara-El Salto,
Col. Zona Industrial El Salto |
||||||||||||
|
POSTAL CODE |
45680 |
||||||||||||
|
PROVINCE / DEPARTAMENT |
El Salto |
||||||||||||
|
STATE / REGION |
Jalisco |
||||||||||||
|
COUNTRY |
MEXICO |
||||||||||||
|
TELEPHONE |
(5233) 36686000 |
||||||||||||
|
E-MAIL |
fidel.hernandez@dsm.com |
||||||||||||
|
WEB |
www.dsm.com |
||||||||||||
|
|
|||||||||||||
|
|||||||||||||
LEGAL BACKGROUNDS
|
|
|
LEGAL STATUS |
Stock Company of Variable Capital |
|
DATE OF INCORPORATION |
13JUN2001 |
|
PLACE OF REGISTRY |
Guadalajara, Jalisco |
|
NOTARY OFFICE |
N° 08 - Carlos Rubén Cuevas Se |
|
DURATION |
99 years |
|
REGISTRATION |
Notarial Act 41766 |
|
INITIAL CAPITAL |
Ps$50,000.= Pesos |
|
CURRENT PAID-IN CAPITAL |
Ps$5,000,000.= Pesos |
|
LAST CAPITAL INCREASE |
03/04/2001 (Latest reported) |
|
CLASS OF SHARES |
Registered |
|
LISTED AT STOCK EXCHANGE |
No |
|
CURRENT EXCHANGE RATE (US$) |
Ps$.12.63 per USD.1.00 |
|
MEMBERSHIP |
Cámara de la Industria Alimenticia de
Jalisco |
DIRECTORS - EXECUTIVES –
SHAREHOLDERS
|
|||||||||||||||||
|
|
||||||||||||||||
WHO IS WHO?
|
|||||||||
|
SABELL
OLHAGARAY, ANDRÉS MAURICIO |
|||||||||
|
NATIONALITY |
Mexican |
||||||||
|
BACKGROUND INFORMATION |
Veterinarian from Universidad Austral de Chile and got an MBA from the Universidad Diego Portales and from Year 2000 until January 2010 he served as Manager of Animal Nutrition and General Manager of DNP in Chile.As from January 2010 he held the position of Director General of DSM Nutritional Products Mexico SA de CV. |
||||||||
|
PARTICIPATED IN |
|||||||||
|
|||||||||
|
|
|
||||||||
|
HERNANDEZ CARRASCO,
FIDEL |
|||||||||
|
NATIONALITY |
Mexican |
||||||||
|
PROFESSION |
C.P.A. |
||||||||
BUSINESS HISTORY
|
|
The Company was formed on June 13, 2001 under the name Roche Vitaminas México S.A. de C.V., a company that was part of Grupo Roche Syntex.At the beginning of 2004, Grupo Royal DSM N.V. from Holland was negotiating the acquisition of Roche Vitaminas México S.A. de C.V. that was completed at the end of February. Therefore, as from March 1st, 2004 it chaged name to DSM Nutritional Products México S.A. de C.V., act made through Notarial Act 43959 before Notary Office 8 of Distrito Federal, Notary Public, Carlos Rubén Cuevas Senties, entered in the Public Registry of Properties and Commerce under Number 279703 dated February 19, 2004.The Company is a subsidiary of DSM Nutritional Products Ltd., present in more than 100 countries. DSM Nutritional Products, Ltd., has more than 40 commercial offices and 11 factories globally. Only for human health and nutrition, DSM has 13 premix factories distributed through 8 places worldwide producing customized formulation for its customers.In Latin America, human health and nutrition has over 10 commercial offices in different countries, 3 premix plants and a laboratory of regional application.The regional office is based in Sao Paulo - Brazil. It has specialized marketing and sales departments. Plants of powder and liquid premixes are located in Brazil, Colombia and Mexico. All plants have been ISO 22000 certified. In addition they are ruled by defined quality standards, such as: Food safety, HACCP, pharmaceutical certifications and regulations.The company is related to: |
|
|
RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY
SHAREHOLDER |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||
BUSINESS
|
|||||||
|
Main activity |
Production of vitamin premix.Trademark: DSM (own brand) |
||||||
|
Import |
Yes |
||||||
|
Country |
Malaysia, China and Netherlands; direct
credit (raw material and vitamins) |
||||||
|
Export |
Yes |
||||||
|
COUNTRY |
All over Latin America; direct credit |
||||||
|
% CASH SALES / METHOD |
15% |
||||||
|
% Credit SALES / Terms |
85% (30 and 45 days) |
||||||
|
% Ventas exterior (Paises) |
50% |
||||||
|
% DOMESTIC PURCHASES |
70% |
||||||
|
% FOREIGN PURCHASES |
30% |
||||||
|
SELLING TerritorY |
Domestic and foreign markets |
||||||
|
EMPLOYEES |
About 150 |
||||||
|
|||||||
|
Comments |
Main Clients:- GRUPO BIMBO S.A. DE C.V.- BACHOCO S.A. DE C.V.- PRODUCTOS AVON S.A. DE C.V.- LYCONSAamong other.
|
||||||
FINANCIAL INFORMATION
|
||||||||||||
|
Interviewee(s) |
Third-party sources |
|||||||||||
|
Disposition |
Report totally prepared by outside sources. |
|||||||||||
|
Information provided |
All the information contained in this report has been collected from different outside sources as it was not possible to get from direct sources.Through such sources we only got main figures of Consolidated Balance Sheet of DSM NUTRITIONAL PRODUCTS LTD and Subsidiaries as of December 31, 2011, expressed in Million Euros. |
|||||||||||
|
Comments |
CONSOLIDATED BALANCE SHEET OF DSM NUTRITIONAL PRODUCTS LTD AND SUBSIDIARIES AS OF DECEMBER 31, 2011 EXPRESSED IN MILLION EUROSCURRENT ASSETS 5,504 NON CURRENT ASSETS 5,653 TOTAL ASSETS 11,157CURRENT LIABILITIES 2,455 LONG-TERM LIABILITIES 2,728 SHAREHOLDERS' EQUITY 5,974 TOTAL LIAB./SH. EQUITY 11,157NET REVENUE 9,193NET INCOME 814 |
|||||||||||
|
|
||||||||||||
|
|
||||||||||||
|
SALES |
US$ 0.00 () |
|||||||||||
|
FINANCIAL SITUATION |
UNDETERMINEDFinancial situation is indeterminate. No independent balance sheets or estimated accounting figures were available to assess this Company current results. |
|||||||||||
|
Property of company comments |
They include:- Office furniture and fixtures- Computers- Vehicles- Machinery and equipment |
|||||||||||
|
|
|
|
|
|
||||||||
|
INSURANCE |
||||||||||||
|
||||||||||||
TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS
(Confidential
Information) |
||||||||||||||||||||||||||||||||||||||||||||||
|
TRADE REFERENCES |
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Note : Other suppliers
did not provide information or could not be consulted |
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
BANKERS BANK BOSTON (USA)BANCO NACIONAL DE MEXICO S.A.BBVA BANCOMER S.A.BANCO NACIONAL DE MEXICOThe subject is a client of those banks, which when consulted told us that according to current legal regulations can not provide data on their customer movements out of respect to bank secrecy. . |
|
|||||||||||||||||||||||||||||||||||||||||||||
GENERAL INFORMATION
|
|
|
REPUTATION |
|
|
NOTHING AGAINST COMPANY |
|
|
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.63 |
|
|
1 |
Rs.88.17 |
|
Euro |
1 |
Rs.73.13 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history (10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.